A delegation from the Chinese Embassy in France and Monaco paid an official visit to the Principality on 12th May, marking the first high-level bilateral economic exchange in more than 13 years.
The delegation was led by Wang Dong, the embassy’s Minister for Economic and Commercial Affairs. The day-long programme brought Chinese diplomats into direct contact with Monaco’s government ministers, business leaders, and institutional representatives, with discussions centred on bilateral trade and cooperation.
Talks with Monaco’s finance minister
Wang Dong and his delegation met with Frédéric Cottalorda, Monaco’s Conseiller de Gouvernement-Ministre des Finances et de l’Économie, to review the current state of bilateral relations and explore areas for future development.
Both sides noted a significant rise in trade volumes between the two countries over the past five years, in both imports and exports. They reaffirmed their commitment to deepening cooperation in a spirit of open and constructive dialogue — a hallmark, they said, of Sino-Monegasque relations over more than 30 years, despite the considerable differences between the two countries’ socio-economic systems.
Working lunch at the Yacht Club de Monaco
At the initiative of Monaco’s Embassy in China, a working lunch was held at the Yacht Club de Monaco, bringing together the Chinese delegation alongside company directors and senior representatives from Monaco’s institutions responsible for economic development, attractiveness, and tourism.
Discussions focused on sectors seen as offering strong potential for bilateral cooperation, including tourism, innovation, start-ups, high technology, ecology, the blue economy, and renewable energy.
‘Business Destination China’ conference
The day concluded with a conference organised by the Monaco Economic Board, at the invitation of the Monegasque Chamber of Commerce. Before an audience of more than 70 business leaders, the Chinese delegation delivered a wide-ranging presentation on the specificities of the Chinese market and the opportunities it offers for foreign enterprises.
A networking cocktail reception followed, allowing Monaco’s entrepreneurs to engage directly with the embassy’s diplomatic staff.
The visit signals renewed momentum in economic ties between the Principality and the world’s second-largest economy, with both sides indicating an appetite for more structured engagement in the months ahead.
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Photo source: Government Communications Department